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Dec 31, 2012
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a gloom and doom scenario that the pentagon says. but is it? chris lawrence has a closer look. >> reporter: to hear the pentagon tell it -- >> sequestration, therefore if it were allowed to happen, will introduce senseless chaos. >> the fiscal cliff -- >> sequestration will have a chaotic effect on the force. >> reporter: is akin to armaggedon. >> i worry about being blindsided by a huge cut because they don't have the strength or courage or guts to do what they have to do. >> happy holidays. >> reporter: the cliff would cut $500 billion in defense spending, but spread out over the next ten years. would these cuts really be that bad? >> absolutely not. >> reporter: analyst ben freeman argues the pentagon can survive on a smaller budget. >> it will drop a little bit. but not catastrophic, doomsday, any sort of hyperbole. >> reporter: perhaps the navy would have to buy less expensive, less advanced fighter jets instead of the new f-35. or the pentagon would have to cut the number of soldiers and marines back to the numbers before 9/11. >> sequest
a gloom and doom scenario that the pentagon says. but is it? chris lawrence has a closer look. >> reporter: to hear the pentagon tell it -- >> sequestration, therefore if it were allowed to happen, will introduce senseless chaos. >> the fiscal cliff -- >> sequestration will have a chaotic effect on the force. >> reporter: is akin to armaggedon. >> i worry about being blindsided by a huge cut because they don't have the strength or courage or guts to do what...
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Dec 28, 2012
12/12
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it is a very rare thing for the president to call over to the pentagon and have to say, what is going on? >> and i'm curious about that. how did that even get on the president's desk? how did he get involved in a day care situation on a military base? >> this is mid-december and this is when the country's focus was on child safety after the massacre and the tragedy in newtown, connecticut. the secretary of defense leon panetta finds out about all this because finally army leaders know the facts and are able to tell him. e he take s it to the president. but it's between late september and mid-december that they keep investigating the other workers here and find those background check problems and they are not dismissed from their jobs between september and mid-december. this goes on and on and on. all of this now the subject of a complete army investigation. >> barbara starr, we're glad you're looking into it. you can watch barbara's entire report tonight at 7:00 p.m. eastern. barbara, thank you. >>> former president george h.w. bush may be battling a fever, but he's certainly showing
it is a very rare thing for the president to call over to the pentagon and have to say, what is going on? >> and i'm curious about that. how did that even get on the president's desk? how did he get involved in a day care situation on a military base? >> this is mid-december and this is when the country's focus was on child safety after the massacre and the tragedy in newtown, connecticut. the secretary of defense leon panetta finds out about all this because finally army leaders...
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Dec 26, 2012
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bothers me is that there are, this idea that we'll have quadrennial review, a 4-year plan just like the pentagon. i don't know that is the best model to work on. gerri: i have to ask you about bp today. >> sure. gerri: because there's big news coming from bp. the federal government says you're disqualified from winning new contracts. here's bp statement. suspension that is due to bp's lack of business integrity as dep straighted by the company's conduct with regard to the deepwater horizon blowout explosion, oil spill and response. now the stock did not really get hit today. what is your estimate what this means? >> i think it will be a temporary move. i think the obama administration again is wanting to show, hold up bp, that we're punishing them. this is enormous company. it is one of the biggest oil and gas producers in the u.s.. gerri: doesn't it matter if it loses contracts from the u.s.? >> they have a lot of contracts already. so those contracts don't go away. there is enonly on new contracts. it is important but i think it is a temporary deal. gerri: robert, you must come back and sit on
bothers me is that there are, this idea that we'll have quadrennial review, a 4-year plan just like the pentagon. i don't know that is the best model to work on. gerri: i have to ask you about bp today. >> sure. gerri: because there's big news coming from bp. the federal government says you're disqualified from winning new contracts. here's bp statement. suspension that is due to bp's lack of business integrity as dep straighted by the company's conduct with regard to the deepwater...
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Dec 26, 2012
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it is already too late for the pentagon. defense cuts are coming in a big way. a look at world currencies and how they are holding up against the dollar. ♪ [ malennouncer ] it's tt me of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. starsaving at citi.com/pricerewind. dagen: more good news for recovering the housing market. home prices in the 20 city index grew 4.3% from a year ago. chicago, new york were the only two cities with negative returns and october. starbucks urging washington to come together on the fiscal cliff. literally. the ceo is building employees that all d.c. area employees should write things on the cops. they want to serve as a rallying cry. of course, that
it is already too late for the pentagon. defense cuts are coming in a big way. a look at world currencies and how they are holding up against the dollar. ♪ [ malennouncer ] it's tt me of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register...
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Dec 26, 2012
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on the other hand, as i said, he would be, by the standards of pentagon leadership, which is its own metric, he would be a more liberal, more reformist voice for a more multilateral and constrained pentagon policy, yet he's running into all this opposition. >> exactly, and if you look at people opposing him, these are neocons because he stood up to cheney when cheney had the vader hat on. he was strong enough to stand up to his party on the iraq war. for the love of god, last time i checked, president obama is the president of the united states. we don't have to personally love each and every one of them. it's his choice. let us stop having neoconservatives in the senate choose the entire obama cabinet. >> in theory, i think you're right. in practice -- >> that means he doesn't agree with you. >> i think you make good points. the truth is the person who's going to set the policy and agenda is barack obama. he's very hands on. it's really a symbolic fight. the question is do you need a symbolic fight when you can get somebody else to do what you want just as well without going through
on the other hand, as i said, he would be, by the standards of pentagon leadership, which is its own metric, he would be a more liberal, more reformist voice for a more multilateral and constrained pentagon policy, yet he's running into all this opposition. >> exactly, and if you look at people opposing him, these are neocons because he stood up to cheney when cheney had the vader hat on. he was strong enough to stand up to his party on the iraq war. for the love of god, last time i...
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Dec 29, 2012
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. >> this happened to military families a stone's throw away from the pentagon. if it could happen here, it could happen any high where. >> reporter: this military wife and other of two doesn't want her face shown. cnn has also agreed not to show her children's faces or identify them by age. >> obviously, barbara, i am concerned about the privacy of my children. and then there's always the possibility of retaliation against my husband. >> reporter: it's every parent's nightmare. finding out her toddler was physically assaulted by child care workers at the ft. myer army day care center. the scandal grew to the point if the obama made an unprecedented phone call to army secretary john mac cue to express his concern. according to this fbi affidavit, this little boy and others were punched and slapped. one child was dragged across the floor. >> we thought, of all the different options, putting them in a child care facility during the day that was on a military base, that was pretty well-staffed, would be the safest, most secure environment for them. >> reporter: it a
. >> this happened to military families a stone's throw away from the pentagon. if it could happen here, it could happen any high where. >> reporter: this military wife and other of two doesn't want her face shown. cnn has also agreed not to show her children's faces or identify them by age. >> obviously, barbara, i am concerned about the privacy of my children. and then there's always the possibility of retaliation against my husband. >> reporter: it's every parent's...
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Dec 26, 2012
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we want to bring in barbara starr at the pentagon. some of the things we hear about when you talk about insider jobs are the taliban dressed as women with the high jab and everything. we know this was a woman responsible for the attack. what have we learned about her? >> not very much, because the afghans have her in custody and apparently by all accounts she's not really talking. the afghans did hold a press conference and showed an iranian passport. they say this woman is an iranian national, she came from there and married an afghan and became a member of the afghan police force. none of this, again, independently verified by the nato alliance. she went to the compound with a weapon hidden under her clothing. she wanted to kill someone she thought was important. she walked around looking for somebody and came up behind this american contractor as he was walking towards a canteen and shot and killed him. suzanne. >> you know, it's interesting, the taliban haven't been all that vocal about this one, and usually they are quick to clai
we want to bring in barbara starr at the pentagon. some of the things we hear about when you talk about insider jobs are the taliban dressed as women with the high jab and everything. we know this was a woman responsible for the attack. what have we learned about her? >> not very much, because the afghans have her in custody and apparently by all accounts she's not really talking. the afghans did hold a press conference and showed an iranian passport. they say this woman is an iranian...
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Dec 28, 2012
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she joins me now from the pentagon. what did she tell you? >> reporter: well, this really is a heart breaking case. you know, i just have to put it in perspective, a military installation, a child care facility, a stone's throw from where i am standing at the pentagon, it would take me just a few minutes to walk across the road to this child care operation. a mother who has now learned that her young toddler was one of the victims of this alleged child abuse decided to speak out about it. she wanted her face shielded, she wants her children's privacy protected. she still worries about retaliation against her husband, by the military, but she tells us a chilling tale. >> all along this first week when we were being sort of given piecemeal information, denied access to the videotapes, we were also being asked if we wanted to seek medical care for our child. so -- >> medical care for what? >> for what, obviously. we wanted to understand and see with our own eyes since that evidence was available. >> barbara, it took a long time for the informati
she joins me now from the pentagon. what did she tell you? >> reporter: well, this really is a heart breaking case. you know, i just have to put it in perspective, a military installation, a child care facility, a stone's throw from where i am standing at the pentagon, it would take me just a few minutes to walk across the road to this child care operation. a mother who has now learned that her young toddler was one of the victims of this alleged child abuse decided to speak out about it....
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Dec 29, 2012
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mandatory spending cuts putting pressure on the pentagon. can it still do the job of protecting america if a zeal not reached in washington? >> gregg: just days after a major storm, a nay one is following right on its heels. we're tracking the latest. >> and reading, writing and guns new push to protect our kids in schools after the sandy hook tragedy. >> it is legal in utah. >> i actually brought a holster but nobody would know i could easily git get it and stays on me all day. card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? vision expanding to a 5-inch 1080p hd display and camera. touch acquiring nfc. hearing
mandatory spending cuts putting pressure on the pentagon. can it still do the job of protecting america if a zeal not reached in washington? >> gregg: just days after a major storm, a nay one is following right on its heels. we're tracking the latest. >> and reading, writing and guns new push to protect our kids in schools after the sandy hook tragedy. >> it is legal in utah. >> i actually brought a holster but nobody would know i could easily git get it and stays on me...
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Dec 31, 2012
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talk about the pentagon. talk about federal workers. talk about obviously the unemploy unemployed whose benefits are going away. >> absolutely. the biggest -- the most dangerous thing, the fiscal cliff is the unemployment insurance. if we go over for a month we can sort of trick everything else. we can -- the irs can do some tricks to make it so you don't feel tax increases quickly. we can do tricks to make it so we don't lay off people at pentagon, we can furlough them. there's no trick with unemployment insurance. if we go over the cliff and don't do anything by unemployment insurance, 2 million people, hardest hit by the recession, will lose their unemployment insurance. that's number one. we're going to have the payroll tax cut expire, that's probably going to happen if we do reach a deal, that's one of the most important pieces of stimulative policy. the same said for refundable tax credits, helps poor folks. the same with the child tax credit. these have been really important for the working poor. you're going to see very, very bi
talk about the pentagon. talk about federal workers. talk about obviously the unemploy unemployed whose benefits are going away. >> absolutely. the biggest -- the most dangerous thing, the fiscal cliff is the unemployment insurance. if we go over for a month we can sort of trick everything else. we can -- the irs can do some tricks to make it so you don't feel tax increases quickly. we can do tricks to make it so we don't lay off people at pentagon, we can furlough them. there's no trick...
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Dec 31, 2012
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and as we let people absorb these numbers, there are also a bunch of other issues, you know, 800,000 pentagon workers could be furloughed, all kinds of other issues where emergency unemployment benefits might be ended. so there are lots of complications. but let's talk about people's portfolios, and if we were to go over the cliff which you don't believe is going to happen, but if we were, what would you invest in right now? >> i'd stick to being very conservative. there's a good chance we could dip into a recession. in that type of environment, you want to be in very safe and secure stocks, and you want to have a more conservative portfolio. you want to be invested in the high quality fixed-income and not be that global in your organization. liz: how would you characterize picking a secure stock? >> high dividend growth rate, very strong dividend payout rate as well, so one of those solid blue chip, large cap type of companies. liz: treasuries. i mean, the yield is kind of pathetic. >> and quite frankly, because i do think this'll be resolved, and i think treasuries are going to be one of th
and as we let people absorb these numbers, there are also a bunch of other issues, you know, 800,000 pentagon workers could be furloughed, all kinds of other issues where emergency unemployment benefits might be ended. so there are lots of complications. but let's talk about people's portfolios, and if we were to go over the cliff which you don't believe is going to happen, but if we were, what would you invest in right now? >> i'd stick to being very conservative. there's a good chance...
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Dec 26, 2012
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we'll go live to the pentagon after this. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> we welcome you back. update to a developing story out of afghanistan the taliban claiming responsibility for a car bomb attack at a u.s. base and coast. three people were killed. police say a mini bus exploded during a security check at the gate of camp chapman the same base wh
we'll go live to the pentagon after this. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [...
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Dec 30, 2012
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the pentagon and all the other government agencies told their employees that they're not going to do anything with the sequester in january, because they're assuming congress will get its act together in january, february or so. so the idea that the markets are going to panic over this, you know, i think is a red herring. who knows? maybe they tank tomorrow. maybe they go through the roof. but i don't see that happening. though if it did that would drive things a little bit. >> do you have any sense they're feeling pressure from constituents at all? i would describe this as people are profoundly unhappy. >> that's a great point. congress' approval ratings are abysmal. but the pressure from the right for conservatives to cut a good deal, all this discussion about chained cpi is confusion. basically it means that republicans want to include entitlement reform as part of a deal. but why did they take that off the table? because when the debt ceiling comes next year, they can have a bigger fight about entitlement reform. so the big story today is that republicans are starting to resign t
the pentagon and all the other government agencies told their employees that they're not going to do anything with the sequester in january, because they're assuming congress will get its act together in january, february or so. so the idea that the markets are going to panic over this, you know, i think is a red herring. who knows? maybe they tank tomorrow. maybe they go through the roof. but i don't see that happening. though if it did that would drive things a little bit. >> do you...
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let's get that from barbara starr at the pentagon. hey, barbara. what are we learning about this woman and this attack? >> reporter: well, victor, all we know so far really is what the afghans are saying. there was a press conference with senior afghan ministry spokesman and he held up a very interesting passport, he says the passport of this woman and it is iranian, that she is an iranian citizen who came to afghanistan and married an afghan man. he also said she had some fake identity documents, but this is certainly raising the prospect that the shooter was iranian. so far, however, no indication yet she's tied to the taliban, that she is officially tied to iran at this point, or to any terrorist groups. by all accounts she came to kabul, police headquarters had a weapon hidden under her clothing, removed it, said she was looking for someone to shoot and walked out behind this u.s. contractor. he's now been identified as 49-year-old joseph griffin of mansfield, georgia, working for dime corp. international, a major u.s. firm working in afghanist
let's get that from barbara starr at the pentagon. hey, barbara. what are we learning about this woman and this attack? >> reporter: well, victor, all we know so far really is what the afghans are saying. there was a press conference with senior afghan ministry spokesman and he held up a very interesting passport, he says the passport of this woman and it is iranian, that she is an iranian citizen who came to afghanistan and married an afghan man. he also said she had some fake identity...
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where are we on the pentagon cuts? >> nobody wants those pentagon cuts, including the president of the united states. there may be some on the left who would favor that. but that's not a dominant position. that's not where the political center of gravity is in the country. i think it's very likely that those sequester cuts are going to be turned off. now, remember the sequester, $1.2 trillion over the next nine years. that's a little over $100 billion a year. so half of that is defense, half of that is discretionary. the kick the can mini deal solution that we're talking about would identify some subset of spending cuts that would be the lowest hanging fruit still available that might turn off the sequester, or they could just turn off the trigger all together. the sequester exists because of a law passed by congress, another law passed by congress could change it. >> good to see you, john. thanks for the update. >> mastercard spending pulse saying it's the lowest level of 2008. high end is one of the areas getting hit
where are we on the pentagon cuts? >> nobody wants those pentagon cuts, including the president of the united states. there may be some on the left who would favor that. but that's not a dominant position. that's not where the political center of gravity is in the country. i think it's very likely that those sequester cuts are going to be turned off. now, remember the sequester, $1.2 trillion over the next nine years. that's a little over $100 billion a year. so half of that is defense,...
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if you ask liberal people they say yes cut the pentagon deeply. conservative people say cut welfare programs deeply. they both agree that cuts are the way to go but wouldn't agree on what what to cut. republican ares talk about the need to reduce spending they are necessarily talking about things that people don't want to hear about. medicare and sociali car and security and it gives them an opportunity to play the scare game. >> shannon: if democrats get more is spending and more revenue which it seems they will get that eventually then people were asked in the fox news polling again where do you think the dollars going to go, all the extra money. 53% say more spending. only 36% say it is actually going to do anything to decrease the deficit. how are the two parties going to answer for that when it comes to fruition? >> they won't. remember this. just go in the way back machine and think about after the election the republicans came back to washington and said we want to give you more you call it in washington you call it revenue when you are inc
if you ask liberal people they say yes cut the pentagon deeply. conservative people say cut welfare programs deeply. they both agree that cuts are the way to go but wouldn't agree on what what to cut. republican ares talk about the need to reduce spending they are necessarily talking about things that people don't want to hear about. medicare and sociali car and security and it gives them an opportunity to play the scare game. >> shannon: if democrats get more is spending and more revenue...
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i think the phone call from the president certainly has resonated around the pentagon. they say they're trying to get to the bottom of this and figure out how this all could have happened. >> and how many children do we think that were involved in this abuse? >> reporter: in this one case, right now, it's a handful, if you will. but what the parents are telling me is, they don't know if that's the entire story because the only videotapes to corroborate this are 30 days' worth of videotapes. the allegation is made on september 26th. the tapes go back one month. and they don't know what might have happened before that. suzanne? >> all right. barbara starr, thank you for following that story. appreciate it. >>> meet a man who has taken a stand on the national debt by trying to pay it off himself. and a choice. h n take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pa
i think the phone call from the president certainly has resonated around the pentagon. they say they're trying to get to the bottom of this and figure out how this all could have happened. >> and how many children do we think that were involved in this abuse? >> reporter: in this one case, right now, it's a handful, if you will. but what the parents are telling me is, they don't know if that's the entire story because the only videotapes to corroborate this are 30 days' worth of...
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the deal delays pending cuts to the pentagon for another two months kicking the issue of sequestration down the road. it's not a perfect bill but the timing was crucial as a new congress is set to be sworn in on thursday. >> thanks to the votes of democrats and republicans in congress, i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle class tax hike that could have sent the economy back into recession and obviously had a severe impact on families all across america. >>> now, while the tax package passed will protect 98% of americans from income tax increases, most of you will still end up paying more in federal. that's because a temporary cut in the social security payroll tax just expired. at the live desk, angie goff, news 4. >>> 5:03 now. markets are reacting positively to the fiscal cliff vote. stocks are up 2%. european stocks are also up right now. this congressional term will end without the house voting on a bill to help victims of sandy. new york area lawmakers from both party are furious over house republicans leaders decision not
the deal delays pending cuts to the pentagon for another two months kicking the issue of sequestration down the road. it's not a perfect bill but the timing was crucial as a new congress is set to be sworn in on thursday. >> thanks to the votes of democrats and republicans in congress, i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle class tax hike that could have sent the economy back into recession and obviously had a severe impact on...
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Dec 26, 2012
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the current plan, alas numbers isooctane and from the wall street journal, or the pentagon indicated they wanted to maintain 6000 to 15th thousand u.s. troops following 2014. that is the issue under discussion now. there's approximately around 340 0,000 afghan security forces in place, including the police. the pentagon recently indicated i don't believe there was a major unit capable of operating independently from nato support. there was some manipulation of the metrics they were using where the things appear to be making more progress than perhaps they were. that came out in a white paper. what will be the long term success or failure of the afghan national security forces is yet to be determined. they need about $4.1 billion a year to continue at that level, which is more than the entire government revenues in afghanistan. so it's gone to take a long-term commitment of foreign powers to maintain that size of armed forces. the afghans have proven that they are excellent fighters. the question is will they be excellent soldiers for the government of afghanistan? host: one other que
the current plan, alas numbers isooctane and from the wall street journal, or the pentagon indicated they wanted to maintain 6000 to 15th thousand u.s. troops following 2014. that is the issue under discussion now. there's approximately around 340 0,000 afghan security forces in place, including the police. the pentagon recently indicated i don't believe there was a major unit capable of operating independently from nato support. there was some manipulation of the metrics they were using where...
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so we've got pentagon budget issues coming up. so there's some talk about him wanting to hang on and try to manage the budget issues that are going to hit the pentagon over the next few months. host: we're taking your calls with david jackson, the white house reporter for u.s.a. today. first up is doug from oklahoma on the democratic line. good morning. caller: good morning. i had a question about geithner. hadn't he said something earlier about wanting to leave? guest: that's correct. host: around the inauguration was the quote. host: how would you feel about geithner leaving? do you want him to go as a democrat? caller: that's a good question. no. no. guest: the caller is right. geithner has said publicly he wants to leave around the nomination. but with the uncertainty, i don't think the administration would want him to leave as long as these issues are hanging. so we get a fiscal cliff this deal and i think he's going to be gone by the end of the month but i think it's kind of up t in the air. host: says a contender for his jo
so we've got pentagon budget issues coming up. so there's some talk about him wanting to hang on and try to manage the budget issues that are going to hit the pentagon over the next few months. host: we're taking your calls with david jackson, the white house reporter for u.s.a. today. first up is doug from oklahoma on the democratic line. good morning. caller: good morning. i had a question about geithner. hadn't he said something earlier about wanting to leave? guest: that's correct. host:...
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even the pentagon gets hacked into. businesses are going to need to have a product. we are rolling out a product to surveil web sites. very affordable where you actually can protect the business owner's web site and all their important data. by actually hacking into the site and showing the business what the vulnerabilities are. and doing it on a constant basis. it's an interesting product. cyber security is big. >> dave: you and i were talking in the commercial break about the cloud. think about freezing rain structure. disasters. we saw sandy and the hurricane and getting up in the cloud somewhere. >> it's essential. at the end of the day the days of having all your data stored in a tower under your desk or lawyers or accountants or districts having all their hippa information in a closet on site those days are gone. businesses are going to interest to keep it secure in military style off site and access it from a tablet. >> juliet: quite the world we live in. >> it's changing. >> juliet: are you ready for this? next on the run down a pizza delivery guy fights off
even the pentagon gets hacked into. businesses are going to need to have a product. we are rolling out a product to surveil web sites. very affordable where you actually can protect the business owner's web site and all their important data. by actually hacking into the site and showing the business what the vulnerabilities are. and doing it on a constant basis. it's an interesting product. cyber security is big. >> dave: you and i were talking in the commercial break about the cloud....
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Dec 27, 2012
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we talked to military contractors, top officials at the pentagon. they see a long period of downward decline. that after the war in afghanistan, there's going to be a period of austerity. they're calling it -- they have a term around the pentagon, a very graphic self-amputation as they cut back over the years. and this was one of the reasons that president obama had, at the top of his short list, the former republican senator, still a republican, chuck hagel of nebraska. he's somebody who's talked about the pentagon as being bloated, had very specific ideas about how to cut it. but mike, sam, the table, we're hearing that that trial balloon has been popped. that senator hagel has a possibility for secretary of defense, has really lost a lot of altitude. and what they discovered was, there's not a natural constituency for him. republicans, as you guys know, have fought with him over the years. he was against the war in iraq. senator mccain especially has had it out for him. democrats don't like some of the anti-gay positions -- rhetoric he's used in
we talked to military contractors, top officials at the pentagon. they see a long period of downward decline. that after the war in afghanistan, there's going to be a period of austerity. they're calling it -- they have a term around the pentagon, a very graphic self-amputation as they cut back over the years. and this was one of the reasons that president obama had, at the top of his short list, the former republican senator, still a republican, chuck hagel of nebraska. he's somebody who's...
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Dec 28, 2012
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. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this says it could mean layoffs. >> the large defense contractors will probably be okay, they have significant cash reserves, most of them. the smaller contractors would have trouble getting their lines of credit extended, trouble keeping their employees, if they can't be assured of continued employment. >> reporter: congressman moran says if we go over the cliff, which he thinks we will, then the impact and severity of the automatic defense spending cuts depend how long they are in place into the new year before congress finally fixes this fiscal cliff problem. gregg: molly henneberg. these cuts were never expected
. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this...
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Dec 27, 2012
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big cuts in the pentagon and big tax hikes. the white house, from all indications that i've seen, they don't want that to happen. they are scared of what could happen to the markets. >> why aren't they dalg dealing with boehner? dana, be go ahead. jumpb in here. >> i think they won their negotiating power once boehner last week failed. as dana pushed out, the only thing that can get boehner is to do something. >> reporter: i think that you're right when i said that democrats don't think that the president will have much political damage. that does seem to be coming more from democrats here in congress than in the white house. democrats here in congress feel that it's a win-win for them politically. the one thing i will tell you very quickly, the pushback on this narrative that i heard from senate republican leader in the hallway. he said, do you remember who the speaker was during the hoover administration? i said, no. he said, that's my point. nobody will remember who the speaker was if ge into a recession but it's the preside
big cuts in the pentagon and big tax hikes. the white house, from all indications that i've seen, they don't want that to happen. they are scared of what could happen to the markets. >> why aren't they dalg dealing with boehner? dana, be go ahead. jumpb in here. >> i think they won their negotiating power once boehner last week failed. as dana pushed out, the only thing that can get boehner is to do something. >> reporter: i think that you're right when i said that democrats...
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Dec 31, 2012
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senators argued if the pentagon had the resources to respond faster, perhaps the military could have helped fight off the second attack on the cia annex. which cape hours after the first. >> we should have sufficient personnel, ships, weapons and other assets available, to be able to respond in the course of several hours. >> reporter: the report essentially orders intelligence agencies to look beyond terrorist organizations when assessing threats. it recommends intel officials, quote, broaden and deep be their focus in libya and beyond on nascent extremist groups in the region. and perhaps the most damning indictment of the report is the fact that the state department did not follow their own recommendations from previous failure failures, such as installing these so-called man traps, a getting system, that senators argue may have stalled that mob at the front gate and perhaps saved some lives. >> important information for our viewers. much more news coming up, including the latest on the fiscal cliff. one senator accusing democrats of trying to stick it to the rich. we're going to
senators argued if the pentagon had the resources to respond faster, perhaps the military could have helped fight off the second attack on the cia annex. which cape hours after the first. >> we should have sufficient personnel, ships, weapons and other assets available, to be able to respond in the course of several hours. >> reporter: the report essentially orders intelligence agencies to look beyond terrorist organizations when assessing threats. it recommends intel officials,...
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Dec 28, 2012
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. >>> tributes from the pentagon, white house, and gulf war buddies after the passing of stormin general norman schwarzkopf. and teachers learning how to shoot in case a gunman walks into their classroom. the man offering lessons were free. "starting point" begins right now. friday, december 28th. and our starting point, the pace in's economy and your take home pay on the chopping block. four days remain before the u.s. goes over the edge. that means tax hikes and spending cuts that could trigger another recession. congressional leaders will meet today at 3:00 p.m. eastern time. the full house not even expected to return to work until sunday. here is the guest list for today's showdown. the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. house speaker john boehner, mitch mcconnell representing the republicans. brianna keilar live from washington. what do we expect to happen today? any new offers from the president or house speaker? >> we don't know. right now, all eyes on the senate to see what senate major
. >>> tributes from the pentagon, white house, and gulf war buddies after the passing of stormin general norman schwarzkopf. and teachers learning how to shoot in case a gunman walks into their classroom. the man offering lessons were free. "starting point" begins right now. friday, december 28th. and our starting point, the pace in's economy and your take home pay on the chopping block. four days remain before the u.s. goes over the edge. that means tax hikes and spending...
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Dec 28, 2012
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big spending cuts at the pentagon. and all the polls show that the republicans are going to be blamed for all of this. so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people in the white house and treasury department don't want that to happen because they think the markets may freak out. already the markets are reacting to the news within the last hour. yesterday the markets dipped a little bit on reid's comments in the senate. so they are worried about the economy. i think purely politically, obama will be strengthened once we go over. >> ryan lizza, thank very much. it's going to be an interesting couple of days. >> yeah, it sure is. >> thanks, ryan. >>> weapons of war on the streets of los angeles.
big spending cuts at the pentagon. and all the polls show that the republicans are going to be blamed for all of this. so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people...
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Jan 2, 2013
01/13
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the pentagon's got to be part of that, and health care, this is where it's tough for the democrats. health care has to be part of this. that's not medicare benefit cuts. there's a lot of things we can do to deal with the high cost of health care in this country that goes up two or three times the rate of inflation, so having prescription drug price negotiations, that would save $160 billion, moving away from fee for service to more of a performance based system, things that we can make progress on that allow the american people to have access to health care but have it be affordable and sustainable but that's tough. >> all of the low hanging fruit is gone. if it were easy to do congress would have done it by now. >> that's right. >> so -- go ahead. >> it's true. the things that lay ahead that are really a challenge, largely is health care because that cost in the whole economy not just medicare is going up faster than we can afford. that's really the bottom line so how do we reform our health care system and bring the cost in line so it's sustainable? those are very difficult issues
the pentagon's got to be part of that, and health care, this is where it's tough for the democrats. health care has to be part of this. that's not medicare benefit cuts. there's a lot of things we can do to deal with the high cost of health care in this country that goes up two or three times the rate of inflation, so having prescription drug price negotiations, that would save $160 billion, moving away from fee for service to more of a performance based system, things that we can make progress...
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Dec 31, 2012
12/12
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also sharply criticizes the state department while widening the blame as well, finding fault with the pentagon and white house. clinton told the committee chair she's committed to working with them once she recovers and will appear before them once she gets the go ahead from her doctors. republicans want to hear from clinton in person before they'll consider confirming her successor. >> i've been told from senator kerry he wants that approach also. he needs to hear what she says so he can make comments about i agree with her, i don't agree with her. it makes sense to have her go first. >> clinton's spokesman has not said where the blood clot is located. doctors not involved in her case say if in her legs it's easily treatable. if in the lungs or brain, it would be potentially more dan r dangerous. and doctors want to make sure there are no underlying conditions that led to the clot. she has not announced her future plans but is widely considered the democratic front-runner if she chooses to make another run for the white house in 2016. willie? >> andrea mitchell, thank you. dr. roshini raj is
also sharply criticizes the state department while widening the blame as well, finding fault with the pentagon and white house. clinton told the committee chair she's committed to working with them once she recovers and will appear before them once she gets the go ahead from her doctors. republicans want to hear from clinton in person before they'll consider confirming her successor. >> i've been told from senator kerry he wants that approach also. he needs to hear what she says so he can...
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Dec 28, 2012
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barbara starr live at the pentagon. barba barbara, a great guy, but really great in front of the camera and able to use visuals of the first war to really explain to the american people what was going on. >> well, explain to the american people, and he also knew that saddam hussein and his iraqi generals were watching those press briefings. president obama today remembering norman schwarzkopf as an american original. a limited mission, get the iraqis out of kuwait, get the war done, go home. and he accomplish thad in des rt storm, commanding more than 700,000 coalition forces, more than 500,000 americans and an air and grown campaign that lasted barely 100 hours, and then it was done. his own chief, former president george h.w. bush, issuing a statement from his hospital bed in houston, saying "general norm schwarz cough, to me, epit to mized the duty, service, country creed that has defended our k e freedom and seen this nation through our most trying international crises, and more than that, he was a good and decent m
barbara starr live at the pentagon. barba barbara, a great guy, but really great in front of the camera and able to use visuals of the first war to really explain to the american people what was going on. >> well, explain to the american people, and he also knew that saddam hussein and his iraqi generals were watching those press briefings. president obama today remembering norman schwarzkopf as an american original. a limited mission, get the iraqis out of kuwait, get the war done, go...
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issues, like for instance the see questions sister that would cut half a bill kwroepb dollars from pentagon spending. the investment community seems to like it, the dow up 219 points. we'll keep and eye on it. >> reporter: the control room a brand-new hour straight ahead for ou. as you saw the markets enjoying the deal hashed out last night, lawmakers steering us away from the fiscal cliff but no shortage of road blocks on the horizon. what it all means, what is next for taxpayers, 77% of whom will see their taxes go up now. some of taxes tied to obama care new portions of the law kicking in on january 1st, a live report on who is paying more and for what. wait until you hear about a brand-new lawsuit that is being filed by a convicted killer who says the beer made me do it. he says the beer makers should have warned him that he'd become addicted and would go on to lead a life of crime. really? all of that and breaking news in the second hour of "happening now" now starts right now. jon: hi noon here on the east coast, there is new fallout from the fiscal cliff deal with tax times ahead. i'
issues, like for instance the see questions sister that would cut half a bill kwroepb dollars from pentagon spending. the investment community seems to like it, the dow up 219 points. we'll keep and eye on it. >> reporter: the control room a brand-new hour straight ahead for ou. as you saw the markets enjoying the deal hashed out last night, lawmakers steering us away from the fiscal cliff but no shortage of road blocks on the horizon. what it all means, what is next for taxpayers, 77% of...
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Jan 3, 2013
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you might get people -- actually people leaving the pentagon who are pentagon employees but everybody else is locked in. bob, thank you very much. >>> famed expert jeffrey gundlach will be here very shortly to talk everything from the fiscal cliff to the death threat to his top calls for 2013 which i believe include, importantly, japan. stay with us. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. >>> coming up at the top of the hour, henry blodgett. >>> is this the year
you might get people -- actually people leaving the pentagon who are pentagon employees but everybody else is locked in. bob, thank you very much. >>> famed expert jeffrey gundlach will be here very shortly to talk everything from the fiscal cliff to the death threat to his top calls for 2013 which i believe include, importantly, japan. stay with us. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you...
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>> frankly, many of them do at the moment, because the pentagon has been very busy signing production contracts to get under the wire of the sequester. >> so, for instance, the general dynamics deal that was selling to the navy for the submarine, those funds are, in fact, protected. that's one example of a deal being signed under the wire to get it through? >> exactly. general dynamics got the ch and development money for the ohio class replacement. that's a $1.8 billion contract that will keep them busy for five years, on just the design of that replacement program. >> so in your view, are the stocks reflecting this? we have seen a sharp run-up in the stocks since the end of november, and more broadly, the philadelphia defense index is close to 52-week highs. >> well, i think that's right. i mean, part of it is cheap cost of money elsewhere. i mean, where else to invest in stocks, where your business is backed by the u.s. government, when you have yields that are two and three times what the five-year is trading at today. >> but there must be some sort of impact, howard. i mean, we w
>> frankly, many of them do at the moment, because the pentagon has been very busy signing production contracts to get under the wire of the sequester. >> so, for instance, the general dynamics deal that was selling to the navy for the submarine, those funds are, in fact, protected. that's one example of a deal being signed under the wire to get it through? >> exactly. general dynamics got the ch and development money for the ohio class replacement. that's a $1.8 billion...
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Dec 27, 2012
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when they go to washington, it is not a philanthropic act on the pentagon's part. the united states federal government -- unless europe is dollar rise, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why is that? because the global surplus of recycling mechanism was sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. well, paul volcker -- been named may ring a bell. in 1971, paul volcker was an unknown working for another american. henry kissinger, who you may have heard of. before he became secretary of state. whener's paper, which are i read a few years ago, i thought it was the most remarkable document ever to emerge from washington in the last f
when they go to washington, it is not a philanthropic act on the pentagon's part. the united states federal government -- unless europe is dollar rise, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic...
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Dec 26, 2012
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. >> barbara starr at the pentagon, thank you for that. >>> lisa sylvester is monitoring some of the other top stories in "the situation room." >> well, egypt's new upper house of parliament convened today. they will have legislative powers until a lower house is elected. signed in to what you, the controversial charter was approved in two weekend rounds of voting but turnout was just 32%. critics say the constitution excludes minority rights. >>> and the recovery in the housing mar are ket remains on pace. home prices up 4.3% in october over last year. that is the biggest percentage increase and n. more than two years. near record low mortgage rates and fewer foreclosures are pepping spur saleses which is boosting prices. >>> and the world's longest high speed rail line is up and running in china. the 1428 mile line spans more than half of the country linking the capital of beijing to the southern chinese boom city. trains will run at 186 miles an hour on average and china aims to have more than 74,000 miles of high speed rail line by the year 2020. >>> and civil rights icon nelson
. >> barbara starr at the pentagon, thank you for that. >>> lisa sylvester is monitoring some of the other top stories in "the situation room." >> well, egypt's new upper house of parliament convened today. they will have legislative powers until a lower house is elected. signed in to what you, the controversial charter was approved in two weekend rounds of voting but turnout was just 32%. critics say the constitution excludes minority rights. >>> and the...